Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-02-27

only confined 10 this city, but ie IN most OF mo
southern cititx In the Kast and West Kinds
piopefty has advanced greatly. SIS confined
chiefly 30 these two socuona
lgVne OF several new manufacturing enter
pfiecs TO be esiabliehed, but no date has been
given. Tho property IN the West and East
Ends has sold for double what Is was held o. a
few months ago.
STEADILY RISING.
Mcfrrs II. T.. Staples 8 Co.: City ard su-
burtan properly has for sovorai months beeh
rising rapidly and there seems 10 be no apate-
ment of tho upward tendency. An easy money
MARKET n ono reason for tho improvement out
there are many othors also-new car ihes
In contemplation connecting moro closely All
parts OF the city and auhurba The f1sc mas
been chicfy confined TO the western pat Q, .lo
city and suburbs. Sales IN that quarter nave
teen mado at 100 20 500 per cent advance over
the prices paid few months ago.
REAL BOON.
ounrles & McCurdy: There II the biggest
boom In Richmond real estate that we hasc
Known since wo havo boon In buslne@ mo
real estate In the city and around-for lie popn-
latlon Of S0,0O0--is lower than any other clty
that We know OF the same size There ~ a
boom going on In the North, the South, ana the
W est--and more particularly I'm the south. Inc
publications IN the North seem to vie win eacn
other in booming the New SCUM, which
| has induced n very large amonnt OF capital 70
| seek the mineral lands and other investments
in The southern Stafcs. and some OF this capital
htR been invested In this city. The contem-
plated city railway lines, which nave pee n
| 20 much needed. have now reached point
which makes their building matter OF few
months This will increase the value of pro-
porty along their line, especially In The eastern
ends Of tho city, whore property Is compare
tively low, and where persons OF moderate
neans will be forced 10 invest, owing 70 high
values placed on and obtained for properties
In the West End.
THR WEST EED.
George &. Vashon & Son There has been q
considerable advance In real estate, especially
In she West End. Property is bringing fairly
good prices IN all sections Of our city. There
Il quite demand for Church Hill real estate at
advanced price,. The money market Is low,
and people seem 70 prefer real estate ns safe
Investments Especially il this so when other
Investments return but small rate OF Interest.
IhoTe Is some talk Of our city making park
| at the extreme end OF First and Second streets.
| his would greatly enhance the values OF pro
perry In that section, and thereby yiel1 rove
nue. 10 the city. | know OF piece OF property
| I'm the West End sold within the last fcw
| days at $4,000 that was offered on the market
| few years ago ats 900, aud many otherpieces
| that have sold at %, 30, and 100 per cent al
vance. The general advance on Church Hill Is
/ not 20 great. but real estate there Is healthy
| ard improving, and II tho contemplated street
railway is built II will very much improve the
values in That section. | suppose all in this
city are aware of the fact that Broad street
property Is always on the advance. The ham
mef value Of IL is generally in advance Of what
tho most experienced men apprntse It, This
applies 20 nearly all property on Broad street
ives; Of Ninth, and one can hardly 60 wrong In
buying II.
Manning G. staples 4 Co. Yes, a very de-
ciced bo0m-outlook most encouraging. The
uncertainty attending investments In bonds
and stocks and such like securities and the
piCposed extension Of the city railway lines APP
| pear 20 no potent causes. Real estate has en-
HANGED in some places from 33H per cent "a
topper cent If the just beyond the COR
porate limits were opened up sales would be
still more active.
GENERAL ADVANCE.
Rawlings & Rose: In certain localities, yes,
| there is a boom-yiz., In the East End on some
streets ON Church aud Union Hills, and in the
West End on all the principal streets. In Mon
roe and Madison wards property is also de-
| cidedly advanced. There are several good rea-
sons for this improved condition Of the values
OF Richmond city property. First, Increased
confidence in her future and her Tapidly-in-
creasing population second, the Increased
amount of money seeking Investment
The price Of Richmond real estate has not there
tofore been in keeping with that OF other cities
OF the same size, and, In fact, much less than
I'm many Of OurmOre southern cities. We bear
OF several new enterprises; among them the
new paper-mill 10 be built near the Old pump
house. we KNOW OF several SAFES ludue IT,
Gently in both the East and West Ends al good
profits on purchases made within the last one,
Two, and three years
TIE BEST IN TWENTY YEARS.
George II. Poindexter: There Is to-day the
largest and most substantial boom in Rich
mCnu city and suburban real estate we have
had In twenty years The desire seems 20
peivade all classes Of our people to buy land,
experience having shown that those investing
I'm that line have in the end made most money,
and the idea permeating our people that we
are bound to he in q few years a big city.
There are n number Of organizations for the
prosecution Of new businesses, which will be in
operation in the next twelve months. One IN
particular. a location for which ! am seeking,
that will employ a capital Of 10000, and
prove new and interesting feature Of the
business Of Richmond. Property which has
been unstable for years | have disposed
Of i'm the last month in the suburbs
at from % cents 10 g. per foot. However, in
many places, in all directions, sales have lately
been nj an advance Of 30 10 topper cent. on last
years prices; and if our Council will grant
franchises free to b0nd-hde parties who will lay
streot-car tracks 20 the suburb3-as thcy should
dove will see these lands improved aud built
upOn; then extend our corporate limits into
HenricO mot Choster1eld). and We will be paid
fOuffold fer the franchise.